Watch the targets on chart for a potential retracement, or at least, the start of a sideways pattern before trending down (or reversing).
If we mive back above 1.063, the case will be a flop.
You can take any intraday short signal to rejoin the larger timeframe downtrend here, but the daily isn't giving an appropriate entry here, only a viable hold if you're already short.
Downtrend wise, we can hold the position for a good while. We'll be able to reduce our stop loss gradually over time too.
Now, as far as the failed rally goes, I'll update the chart now. There was a 4h uptrend starting, which usually means the short term retracement is about to end, if the daily trend is down. (top down analysis)